SARAJEVO (Bosnia and Herzegovina), August 23 (SeeNews) - Bosnia's state-owned motorway construction company Autoceste FBiH launched a tender on Thursday for the construction of two priority motorway sections along European transport Corridor Vc worth a total of 235 million euro ($272.2 million).
JP Autoceste FBiH intends to use the proceeds of a loan from the EBRD in the amount of 120 million euro and a loan from the European Investment Bank (EIB) in the amount of 90 million euro to finance the project, it said in a statement on its website.
The rest of the funds have been secured through a grant approved by the Investment Fund for the Western Balkans.
The project will require the construction of section Tarcin-Konjic, subsection Tarcin-Ivan (length 6.8 km), lot 2 Tunnel Ivan (length 2 km) and section Poprikuse-Nemila section (length 5.1 km).
Consultancy services are also being sought, JP Autoceste FBiH noted.
The deadline for the submission of bids in the tender is October 4.
Works are expected to begin in spring 2019.
Corridor Vc is the main international transport corridor in Bosnia and Herzegovina and its development is a strategic priority for the country. The road is part of the Western Balkans Core Network. It has been established as an extension of the Trans-European Transport Networks and will eventually link the Hungarian capital Budapest with the Croatian port of Ploce.